SOCIETY FOR THE PRESERVATION OF MARYLAND ANTIQUITIES INC

EIN: 520609575 501(c)(3) Arts, Culture & Humanities

BALTIMORE, MD

Total Revenue
$4,303,870
Total Expenses
$2,716,375
Total Assets
$17,871,655
Net Assets
$15,286,598
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1931
Legal Domicile
MD
Principal Officer
NICHOLAS REDDING
Phone
4106852886
Tax Period
2023-10-01 to 2024-09-30

SOCIETY FOR THE PRESERVATION OF MARYLAND ANTIQUITIES INC, founded in 1931, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.3M in total revenue in fiscal year 2023. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 37% operating margin.

Mission

PROVISION OF GRANTS TO NONPROFIT ORGANIZATIONS TO PRESERVE HISTORIC PROPERTIES IN MARYLAND

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,343,296
Program Service Revenue $10,367
Investment Income $793,099
Other Revenue $157,108
TOTAL REVENUE $4,303,870

Expense Breakdown

Grants Paid $13,431
Salaries & Benefits $1,196,791
Fundraising Expenses $102,848
Program Expenses $2,290,131
Other Expenses $1,506,153
TOTAL EXPENSES $2,716,375

Year-over-Year Comparison

2023 2022 Change
Revenue $4,303,870 $2,006,031 +1.1%
Expenses $2,716,375 $2,097,864 +0.3%
Net Income $1,587,495 $-91,833 -18.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
22
Independent Members
22
Employees
20
Volunteers
66

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$190,591
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE BUTLER DIRECTOR 2.00
Director
$0 $0 $0
BETH MASER DIRECTOR 2.00
Director
$0 $0 $0
DAVID KATZ DIRECTOR 2.00
Director
$0 $0 $0
DEAN JAGUSCH DIRECTOR 2.00
Director
$0 $0 $0
GEORGE ARENDT DIRECTOR 2.00
Director
$0 $0 $0
JOHN LEITH-TETRAULT DIRECTOR 2.00
Director
$0 $0 $0
JOHN RENNER DIRECTOR 2.00
Director
$0 $0 $0
JUSTIN PEAK DIRECTOR 2.00
Director
$0 $0 $0
KARLA AGHAJANIAN DIRECTOR 2.00
Director
$0 $0 $0
MARK FLEMMING DIRECTOR 2.00
Director
$0 $0 $0
MARVIN-ALONZO GREER DIRECTOR 2.00
Director
$0 $0 $0
SAMUEL K HIMMELRICH JR DIRECTOR 2.00
Director
$0 $0 $0
DAVID HOGGARD DIRECTOR 2.00
Director
$0 $0 $0
W WARD BUCHER DIRECTOR 2.00
Director
$0 $0 $0
ANN POWELL VICE CHAIR 3.00
Officer Director
$0 $0 $0
DIANE L CASLOW CHAIR 3.00
Officer Director
$0 $0 $0
ERIC OBER TREASURER 3.00
Officer Director
$0 $0 $0
LISA SASSER SECRETARY 3.00
Officer Director
$0 $0 $0
JAELON MOANEY DIRECTOR 2.00
Director
$0 $0 $0
ROB RUFF DIRECTOR 2.00
Director
$0 $0 $0
BRYCE TURNER DIRECTOR 2.00
Director
$0 $0 $0
MARTHA ELLIOTT DEC 524 DIRECTOR 2.00
Director
$0 $0 $0
NICHOLAS REDDING PRESIDENT & CEO 45.00
Officer
$173,640 $16,951 $190,591
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $4,303,870 $2,716,375 $17,871,655 $1,587,495
2023 $2,006,031 $2,097,864 $14,285,280 $-91,833
2022 $2,780,723 $1,930,269 $13,366,359 $850,454
2021 $2,795,818 $1,657,961 $15,413,425 $1,137,857
2020 $1,349,038 $1,199,966 $13,113,943 $149,072
2019 $3,233,732 $1,378,166 $11,836,147 $1,855,566
2018 $862,696 $854,365 $11,092,382 $8,331
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